Greek News

The European Central Bank (ECB) decided on Tuesday to raise the lending cap for Greek banks via the Emergency Liquidity Assistance (ELA) mechanism by 1.1 billion euros, bringing the ceiling to 80 billion in total, sources said. The decision was...

The talks about Greece have once again drawn the attention of foreign media reports, especially after the May 11 Eurozone Finance Ministers meeting. BBC published an article focusing on Greek Finance Minister Yanis Varoufakis’ warning that the country’s liquidity is sufficient for...

The Greek government had to tap emergency reserves in its holding account at the International Monetary Fund in order to secure the 750 million euros that were required to pay the IMF dent installment on May 12, noted a...

The Golden Dawn trial in Greece was adjourned for Friday as some of the defendants have asked for the lifting of restrictive conditions placed upon them. Golden Dawn leader Nikos Michaloliakos asked for the lifting of his house arrest. The same request...

If Greece leaves the euro, that does not necessarily mean that the country will face an inevitable disaster, says a Bloomberg analysis. The article by Adam Slater, economist at Oxford Economics Ltd, takes the example of more than 70 cases...

Russian Deputy Finance Minister Sergei Storchak called on Greece to join BRICS bank, an association of five major emerging national economies: Brazil, Russia, India, China and South Africa, during an interview with Greek news agency ANA-MPA. Referring to the...

Athens' St. Catherine’s British Embassy School stood out at the "Generation €uro Students' Awards," a competition open to all secondary school students aged between 16 and 19 who are keen on learning more about economics and monetary policy issues, winning the...

The Greek government is putting its hopes for liquidity on the European Central Bank after Monday's Eurogroup statement that there is progress in negotiations between Athens and lenders. There is reserved optimism at Maximos Mansion that the statement will influence...

The Moscow-based Hellenic Culture Center is sending the message that Greeks in the city do not forget, they remain united and creative, repeatedly saying “no” to genocide and the annihilation of nations, through an event scheduled to take place in...

Local government and other public entities' cash reserves transferred to Bank of Greece as a result of a recent legislative act come to 600.3 million euros, Greek government spokesman Gavriil Sakellaridis said on Tuesday. The information has been published following...

Main opposition New Democracy on Monday said the government has lied and that what is being discussed with Greece’s lenders is indeed the review of the country’s second bailout program and not a “bridge agreement.” Commenting on the outcome of...

Greece must rush to complete the fifth review in order to conclude negotiations and reach an agreement before it runs out of cash. That was the message sent to Athens after Monday's Eurogroup. Eurogroup President Jeroen Dijsellbloem said, "There is...

Greek Finance Minister Yanis Varoufakis admitted that Greece may have a serious liquidity problem after two weeks. The statement was made after Monday's Eurogroup meeting in Brussels. Varoufakis said, "The liquidity issue is a terribly urgent issue. It's common knowledge,...

Hundreds of Germans have signed a petition through the organization change.org, urging German Chancellor Angela Merkel to return the Second World War reparations to Greece. The petition was organized at the initiative of Peira, a Berlin-based political association. The association...

Police have launched an investigation after 50, 100, and 500 euro banknotes were mysteriously found floating down Letheos river at the city of Trikala in Greece, Monday 11. According to trikalanews.gr, the notes were seen floating in the water by...